Drudge Retort: Red Meat for Yellow Dogs
Tuesday, July 17, 2007

Lower than expected wholesale inflation and strong corporate profit reports pushed the Dow over the threshold 14,000 level briefly in the morning and again for a short time in afternoon trading and buoyed other indexes as well amid confidence about the health of the economy.

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Of course, this is bad news to many of you here....

Eberly-
Why should that be bad news to me?

Boyd,

I wasn't referring to you necessarily. Only folks who think this is bad news.

Eberly-
No. I think that record-breaking corporate profits should be a boon to everyone, except that they're not.

Tell you what, dude, you convince everyone that high corporate profits are helping the middle class, and I'll try to sell them pills that make their dicks bigger.

Let's see who profits first.

BOYD...

A big erect FF for you...

No. I think that record-breaking corporate profits should be a boon to everyone, except that they're not.

They ought to be a boon to more people than they are, but they are a boon to everybody who has the sense and ability to invest in stocks, especially commodities and international stocks right now like BHP Billiton and McDonalds, but most people do not have the sense to open an account with a discount broker, which is so simple to do. People need to have confidence that the economy has little to do with the Bush/Cheney policies. The deficit is scary, but there is no way the world markets are going to downturn until after the 2008 Olympics in China. Until then, make money. Oil is going up- so buy oil stocks.


but they are a boon to everybody who has the sense and ability to invest in stocks


Even if people have enough money to invest in enough stocks and if they are lucky enough to pick the right stocks, would their stock market earnings be enough to offset the increasing cost of medicine, fuel etc,etc in the face of their stagnating wages? I don't know, thats a lot of ifs for an uncertain payoff. I think people's chances are better with BOYD's penis pills...

And on that day the headlines read:

NEW YORK TIMES

Thursday, October 24, 1929,

Page 1, Col. 1

PRICES OF STOCKS CRASH IN HEAVY LIQUIDATION, TOTAL DROP OF BILLIONS
----------
PAPER LOSS $4,000,000,000
----------
2,600,000 Shares Sold In The Final Hour In Record Decline
----------
MANY ACCOUNTS WIPED OUT

Nancy's doing a great job on the economy, that's for sure.

Just six months after the Democrats gain control of Congress, the Dow Jones reaches new highs.

(Not that there is any connection. But that is the kind of logic Republicans use when looking to credit GWB for any positive development that happens to occur on his watch.)

Maybe Hillary can trade options for those poor souls calchris

Eberly-
No. I think that record-breaking corporate profits should be a boon to everyone, except that they're not.


My point is that you have 2 choices....stock market going up and stock market going down.

quick question...which one is better for the country?

Tell you what, dude, you convince everyone that high corporate profits are helping the middle class, and I'll try to sell them pills that make their dicks bigger.

Um...dude, they have been selling those pills in classified ads in the back of dirty magazines for decades.

so keep on wishing for corporate losses because I'm sure the middle class with benefit from that.

sound good??

Eberly-
I suppose you have two choices...getting fucked in the ass or a facial.

Which do you prefer?

(yes, your comment was that stupid)

boyd,

stop being pissed that people are making better choices than you.

I knew you would be stupid enough to take the bait and bitch about this.

You just compared someone like myself (not rich....very middle class) who has profited from the stock market to someone being fucked in the ass.

You are not qualified to even participate in this discussion.

Eberly-
My point was simple: Convince the majority of Americans that corporate profit and a rising Dow index means anything to them when these indices aren't translating into real benefits regarding wages, security or any tangible outcome in their lives.

When you can convince them of that despite what they see every day, then your job as a shill is easy. Until then, you've got a hill to climb...

I have to bed.

I never posted nor inferred that the stock market going up is a reason for poor people to stand up and cheer. It isn't. My point is that you can either have the stock market strong or weak. Regardless of what circumstances surround our poor or middle class, what would be good for them if the stock market fell significantly.

Eberly-
I'm quite glad you are coming out ahead. Just convince the bulk of the population that a rising Dow index and increased corporate profits benefit them, and you won't have to worry about pests like me.

I have to bed???

sorry......I have to go to bed.


Wow, this Boyd dude is one bitchy woman.

Posted by caldera at 2007-07-17 10:15 PM | Reply


Awwwwwwwwwww is Caldera pitching a bitch about Boyd supposedly bitching. Does that Count as a double bitching or what.

Larry

But you can't. Because it's not translating into a boon for all, or even most, or even most all.

Sleep well, Eberly. I'll have "Caldera" to keep me warm.

Just convince the bulk of the population that a rising Dow index and increased corporate profits benefit them, and you won't have to worry about pests like me.

I don't worry about pests like you now. What for? I'll let folks like you do all the worrying. In any case, why attempt to convince the bulk of the population of anything they don't remotely understand.


My point is that you have 2 choices....stock market going up and stock market going down.

quick question...which one is better for the country?


Its great news for the investment class which has profited handsomely from this administration's policies. It means very little to everyone else, who will not reap the benefits of a record breaking (and now Rupert Murdoch controlled) DOW. The assertion that the economy is doing well for Americans (as in the majority of) because the DOW is doing well is asinine.

Eberly-
re: In any case, why attempt to convince the bulk of the population of anything they don't remotely understand.

It's a good thing we have smart people such as yourself to tell the unwashed when they're doing well even if they, in their profligate stupidity and ignorance, can't see it themselves. God bless you!

Tell you what, dude, you convince everyone that high corporate profits are helping the middle class, and I'll try to sell them pills that make their dicks bigger.

Let's see who profits first.

Posted by Boyd at 2007-07-17 09:17 PM | Reply

Boyd,
The middle class is the primary owner of equities in this country. I know, it's fun and lazy to think of that Fat Cat guy from the Monopoly board .........

But the majority of equities are owned by retirement funds, 401k's, etc.

So, yes, the middle class benefits most from a healthy market. and the market benefits from lower marginal taxes.

If you are so foolish as to not participate, well, you will always have Social Security. I hope you like Alpo.


I don't worry about pests like you now. What for? I'll let folks like you do all the worrying. In any case, why attempt to convince the bulk of the population of anything they don't remotely understand.

Posted by eberly


Could you compress that into a bumper sticker? How about:

Fuck You I Got Mine
Vote Republican in '08

At least it would be honest.

After an amazing five-year run that saw the Dow Jones Industrial Average (DJIA) increase in value fivefold, prices peaked at 381.17 on September 3, 1929.

stock prices are 36 times greater today than sep. 3 1929

It took 18.5 ounces of gold to buy the Dow on September 3, 1929.

So gold was about 20 bucks an ounce. Gold today 665 per ounce, so about 20 oz. to buy the DOW.

In 78 years the DOW has made 8% more than inflation?

Have you considered running for political office, Eberly?

'Cause I'm just soooo confused being all stupid, and I need a smart edjumacated man to tell me when I'm happy, and when I may or may not be getting fucked up the ass.

Please consider. We need assholes like you, 'cause some of the old ones have lost that crimson pucker...

Vernon-
Your beef is not with me. Convince the stupid bulk of Americans that they share in the obscene profits and wealth garnered by the few, and I'll be but a loud mosquito in your ear.

So get to work, motherfucker.

The only actual Stock that is perfect guage on how America is doing is the stock in an elderly persons Pantry at the end of the month. If it is overfilling then America is doing Fabulously. If the stock is barin then America ain't doing so hot. That should be the real guage on how AMerica's Finiancial Health is doing.

Larry

That should have been overflowing. Overfilling is what Ron Jeremy does to Jenna Jameson. Sorry about that.


Larry

Larry-
But you and your mother and your dad (and me, and my mom and dad) are just stupid. As "Vernon" has made quite clear, the American pie is being carved up, and it's first-come, first-served, and to hell with the rest. It's not about blood or sacrifice, or principle, or the constitution, but it's all about cold cash, and the insects are cashing in.

Fuck everyone else. (and they think they are superior for behaving as maggots)

This is true Boyd unfortunately. the ONLY thing and I do mean the ONLY thing that will destroy America will be GREED Mark My Words.

Larry

I went looking for articles on who owns the most stocks to confirm or deny VERNONs assertion that it's mostly "regular folk's" 401ks and found that while household participation is in the high fifties percent:

www.princeton.edu
(page 10)


the top one percent of taxpayers controls about half the nation's financial assets. Two-thirds of the income of the 400 highest-income Americans comes from long-term capital gains.


waysandmeans.house.gov



Q. What does it mean for my investments that the Dow Jones industrial average hit the 14,000 mark?

A. For most investors, the Dow's move past 14,000 Tuesday _ it later settled back to close below that number _ marks little more than the clearing of a psychological hurdle.

www.washingtonpost.com

Darth-
That's about what I figured. Quite a bit different from "The middle class is the primary owner of equities in this country" that Vernon claimed, huh?

Vernon talks like a Man with a Paper asshole. No Substance.

Larry

Vernon-
So, by "The middle class is the primary owner of equities in this country" you meant the number of people who are invested, and not the AMOUNT that they control.

This would seem to make you a liar, Vern.

Just another number. I was interested to learn that Murdoch controls the Dow, though. Learn something every day.

Darth-
That's about what I figured. Quite a bit different from "The middle class is the primary owner of equities in this country" that Vernon claimed, huh?

Posted by Boyd
* * * *

Actually, they're both right. There's no need for the middle class to own muni bonds, for example--that's only for those in the highest brackets. But they're a financial asset nonetheless.

The bond market is something like 3 and a half times larger than the equities market, and the middle class also owns tremendous equity in private and closely-held firms.

Truth is, anyone with a pension, a 401k, a 403b, a SIMPLE or SEP, an IRA, a mutual fund--should cheer what is the greatest bull market in the history of the world, taking place globally, right now. It's going far higher, too--stocks are simply too cheap right now, as witness the cash deals taking place to snap them up. And even if you don't have those things--you make minimum wage, or you're on a 100% government pension, something like that-- your parents or neighbors or friends or brother or sister or inlaws likely do. So be happy, eh?

Convince the stupid bulk of Americans that they share in the obscene profits and ..... blah, blah, blah

Posted by Boyd at 2007-07-17 10:36 PM | Reply

Aren't you a nasty one when you are backed into the corner!

early on you mentioned the middle class. Well, the middle class controls most equities, through their pension funds. That means the number of people invested, and consequently the amount they control. Do you hate the fact that people control their destiny instead of the government?

As for 'carving up the pie' or whatever your bullshit was. Well, I own my IRA and my personal accounts. Sounds to me like you're just jealous because others have the discipline to save and invest.

What did you spend your money on Boyd? Did you 'invest' in a plasma TV or a Dodge Durango? What a fool!

Sorry to piss on your camp fire Boyd, but that's the reality. Facts hurt sometimes, ehh?

Pasta is cheap. So is white rice. Pour a can of Alpo over it and stick it in the microwave for 90 seconds. A hearty, hot meal that you earned. With leftovers for breakfast!

RisR makes a good point. however, a balanced portfolio will include some bonds, even if they are only through a mutual fund.

My IRA has some blue chips, value stocks and emerging markets (I'm partial to Southeast Asia, especially Bankok). But one of my funds is also heavy into public and private bonds.

Sorry, Boyd, I guess that's confusing. You keep 'investing' in old lawn mowers, Nikes, and used Chevy's on cinder blocks in the front yard.

And keep bitching about how the rest of the world does not give you free money just because you have a big mouth and a small mind.

Truth is, anyone with a pension, a 401k, a 403b, a SIMPLE or SEP, an IRA, a mutual fund--should cheer what is the greatest bull market in the history of the world, taking place globally, right now. It's going far higher, too--stocks are simply too cheap right now, as witness the cash deals taking place to snap them up. And even if you don't have those things--you make minimum wage, or you're on a 100% government pension, something like that-- your parents or neighbors or friends or brother or sister or inlaws likely do. So be happy, eh?

Posted by rightisright at 2007-07-18 12:10 AM | Reply

Isnt the reason why they are so cheap right now is because the Dollar is worthless?? It takes More stocks to equal what the value was say 10 Years ago?? So if there is More stocks out there doesn't that mean that they aren't worth as much??

Larry

Like for starters You could buy say 10 China made egg beaters for the same price that You could buy 2 American Made for and none of the 10 is worth the powder to blow them to hell. Something like that.

Larry


Put-to-Call Ratio at Highest in 12 Years -- Fast Money Folks Not Worried

www.bestcashcow.com


I was interested to learn that Murdoch controls the Dow, though. Learn something every day.

Posted by rightisright


Here you go:

"Dow Jones said on Tuesday that its board was prepared to recommend shareholders accept a $5 billion buyout offer from Rupert Murdoch's News Corp., leaving the fate of the company in the hands of its controlling family."


www.cnn.com

"Pasta is cheap. So is white rice. Pour a can of Alpo over it and stick it in the microwave for 90 seconds. A hearty, hot meal that you earned. With leftovers for breakfast!"

Posted by vernon

The voice of experience?


I'll have huevos rancheros at Cisco's.
"Cisco's Bakery & Cafe
1511 E. Sixth, 478-2420

Monday-Sunday, 7am-2:30pm

It hasn't been the same since Rudy "Cisco" Cisneros passed away, but Cisco's still serves excellent biscuits, textbook migas, and piping hot coffee in a manner evocative of a time when high politics was a contact sport and high tech was a calculator. Finish off your Tex-Mex breakfast of the gods with a Mexican cookie or pastry from Cisco's bakery. Expect a big alumni-and-offspring crowd on Sundays after UT home games."
www.austinchronicle.com


Just another number. I was interested to learn that Murdoch controls the Dow, though. Learn something every day.

Posted by rightisright at 2007-07-18 12:04 AM | Reply | Flag: Flag: (Choose)
FunnyNewsworthyOffensiveAbusiv
e

Tis too bad Rupert Murdoch doesn't own and control DOW Chemical. That way He could pay for the boob jobs of some on FoxNews the ones that sorely need them.

Larry

EXCUSE ME that should be Dow Corning. The makers of the Silicone Gel Implants.

Larry

We got your drift Larry.

But wait aren't you the silver bug? If the dollar is so weak, why isn't silver higher (in us currency) Also why does EVERY currency in the world "cross" with the dollar?

Larry, you definitely are short-sighted if that is all you can focus on.

Silver 1929 $.060
Silver 2007 $12.90

2050% increase but I guess the dollar is holding up pretty well.

Bassed on price of silver extrapolated backwards.

Loaf of bread in 1929 $.07
Gallon of gas in 1929 $.14
Anything on McDonalds dollar menu in 1929 $.05
My monthly cable/phone/internet bill in 1929 $4.23
Dodge Durango in 1929 $1264.19

Don't worry the dollar is as strong as ever.

Found an old hospital bill from 1903.

Surgery and 2 weeks recovery room $19.00

Nothing to see here move on

Excuse me Darth. "The Dow" is an index of 30 large industrial companies--though they're not too industrial anymore, with Citi and McDonald's part of the index now.

Rupert Murdoch wants to buy Dow Jones, the newspaper company that publishes the Wall Street Journal and Barron's. The idea that Murdoch will be controlling "the Dow" is a little silly. Nobody has that much money.

Tao--the cost of living in constantly rising. And there is only one asset class that consistently outperforms inflation, and provides higher income payments besides--equities. Not bonds. Especially not precious metals. And tens of millions of Americans have committed financial suicide by retiring and moving the bulk of their portfolio to fixed-income investments, when nothing in American life has a fixed cost over time.

The markets will probably open today down hard, if the futures are anything to go by. Dow will be down 60-80 or so at the open.

My 401k is actually doing very well right now. What's terrifying though, is that it would only take a market correction or crash, and it will all disappear like it never existed. There's nothing like gambling with the difference between a comfortable retirement and poverty based on the perceived value of a company.

RiR,

the cost of living in constantly rising

Sure if you accept a fiat dollar it will always rise. Inflation is a bitch and at current rates it will start hitting the middle class soon. The fact that your yacht has only gone up 3% in the past year is all well and good but when bread breaks 3 bucks someone better have a plan or it will get ugly fast.

Personally I like the chip market, Purple is the best.... I always stand on 19, but like the dealer I'll hit the 16 everytime...It's quick, it's easy, and you can set your own hours.

"When bread breaks 3 bucks"

People eat too much bread as it is... or is it they eat to much meat? Ahhhhh, none the matter they eat too much anyway.

What's really important is corn gas....

look throught the thread and you see little coming from the left but denial and trying to stretch this into bad news....
too bad its not a dem in the white house with this news......I could watch the parades and celebrations all over the country and the news talking about how the dem president was directly responsible for the market reaching this number.

boyd.....I have read many times and for years have heard all about MIDDLE CLASS people who are in the stock market with all sorts of employer items and things like that......I believe there are many more middle class people living off of market money than a lot of fatcats....dont know for sure but it sure seems that way to me.......and unless you have proof otherwise, thats good enough for me.

Sure if you accept a fiat dollar it will always rise. Inflation is a bitch and at current rates it will start hitting the middle class soon. The fact that your yacht has only gone up 3% in the past year is all well and good but when bread breaks 3 bucks someone better have a plan or it will get ugly fast.

Posted by TaoWarrior
* * * *

If you think inflation is ugly, be thankful you've never gone through a nasty deflation.

The gold bugs' song never changes--if only we had a gold-backed currency, many of our problems would disappear. And it's simply wrong. It's impractical, it's stupid, and it's wrong. Sorry--the US economy is too big--not to mention the world economy--to back every debt instrument with gold holdings. There's not enough gold to go around.

Not to mention, gold doesn't even keep pace with inflation anyhow. In 1980, it was $800 an ounce. Now it's $670. Never mind the demand from jewelers and watchmakers that help to keep the price up--how can gold be a "hedge against inflation" when the price presupposed that we've had 22% deflation since 1980?

Dumb.

boyd.....I have read many times and for years have heard all about MIDDLE CLASS people who are in the stock market with all sorts of employer items and things like that......I believe there are many more middle class people living off of market money than a lot of fatcats....dont know for sure but it sure seems that way to me.......and unless you have proof otherwise, thats good enough for me.

Posted by bushlovertwo
* * *

It's not just that--it's pensions, it's institutions, colleges, union retirement plans. Seriously--who do you think gets HURT more in a severe stock market decline? The uber-rich with their trust funds and their enormous bond portfolios? Or the tens of millions of small, middle-class investors who pray that the market returns to historical norms, so they can enjoy the retirement they had hoped for?

RiR I don't belive in a gold backed currency. I belive the US currency should be backed by the productivity of the US.

Unfortuntaly right now it is backed by the greed of bankers and so we have inflation. Accelerating Inflation at that. Most people won't notice till it gets alot worse. By then it will be to late.

Enjoy your 3 buck bread and 6 buck milk and 5 buck gas. Hope your wages keep up.

With the devalueation of the dollar the stock market is only at half of its value. So for the stock market to have truely of doubled its value it would be at 28000 right now. And if you look at the numbers it went up to close to 12000 in 2000 and then it went down and really plunged the week before 911. Now its built back its losses and gained 2000 points on top of that. But if you have a dollar thats been devalued by half and so that takes twice as many dollars to buy shares in stock, then if for the stock market to have retained the current value it had in 2000 it would need to be at 24000 right now. So when you realize then that its only at 14000 you understand that the stock market has lost nearly half of its value just in the Dow Jones industerial index. And if you look at all the other stock indacators that look at the weaker baskets of stocks and the junk stocks those things are down at toilet bowl level.
The federal government says that inflation is only at 5%, but other reports from brokerage houses and other institutions say it is over 13% and that of course compounds.

so boyd people that dont participate in the risk of investing in these companies should benefit from their profits? so lets regulate business? yeah thats the solution, these people in congress should tell business how to operate, or are you just advocating more taxes so that can be redistributed? let the free market work, sure there are problems nothing is perfect, but show me a better system

It's not just that--it's pensions, it's institutions, colleges, union retirement plans. Seriously--who do you think gets HURT more in a severe stock market decline? The uber-rich with their trust funds and their enormous bond portfolios? Or the tens of millions of small, middle-class investors who pray that the market returns to historical norms, so they can enjoy the retirement they had hoped for?

Of course reasonable people understand this RIR. Unfortnately Boyd isn't one of them. He just deflects from this to assert that people are still getting fucked anyway because the rich are still rich. My only argument for him was that he just has 2 choices.....go up or go down. If he is going to going to bitch when it goes up then there is no hope for him.

What he can't wrap his skinny arms around is the fact that his beef has nothing to do with the performance of the DOW. If his response is negative either way then he should argue something else.



Unfortuntaly right now it is backed by the greed of bankers and so we have inflation. Accelerating Inflation at that. Most people won't notice till it gets alot worse. By then it will be to late.


Posted by TaoWarrior
* * * *

Actually, that's a contradiction. Why should any banker want high inflation? Why would he want his loans paid back with devalued dollars? Seriously--would you make a 30-year loan at 5.5%, then work to drive inflation HIGHER than that?
A little bit of inflation is good for the economy--about 1.5 - 2.5% per year. Any more than that, and you can start marking down the value of all the debt holdings in the country. And nobody has more of those than bankers. Don't forget--to a bank, a loan is an asset. So why would they want high inflation to take big whacks at their value?

RiR,

Nope I would not make a 5.5% loan and then work to drive inflation higher but if I could make 10 5.5% loans against the same capital I would, even if it drove inflation higher.

That's kind of like "we lose money on each car, but we'll make up for it on volume." If I loan money at 6% for a 30 year mortgage, and inflation jumps up to 5, I'm losing money on every single loan: I'm paying taxes on the interest income, but the income isn't sufficient to make up for the rising inflation rates.
Then if you multiply that by 10, you've compounded your problem, not mitigated it.


Excuse me Darth. "The Dow" is an index of 30 large industrial companies--though they're not too industrial anymore, with Citi and McDonald's part of the index now.

Rupert Murdoch wants to buy Dow Jones, the newspaper company that publishes the Wall Street Journal and Barron's. The idea that Murdoch will be controlling "the Dow" is a little silly. Nobody has that much money.

Posted by rightisright


The DOW Jones is an index of 30 large industrial companies published by the Wall Street Journal.

"The individual components of the DJIA are occasionally changed as market conditions warrant. They are selected by the editors of The Wall Street Journal. "

en.wikipedia.org

The DOW Jones is in the process of being bought out by Rupert Murdoch.

So I report, you decide, numbnuts.

So I report, you decide, numbnuts.


Posted by DARTHCHENEY



I decide?


My decision (based upon your reporting):

You are playing a pathetic game of semantics so that you can claim 'victory' on a weblog, numbnuts.


I invest (wisely) I think, so I'm not "losing out" on the stock market ... as many Americans seem to be. With that I'll agree, however I wouldn't want every dipshit with 10k in saving to hop in the market.

However, I haven't really had a meaninful raise in 5-6 years. I'm an IT worker, and maybe it's my fault for staying at this company ... who knows. I do get a little annoyed when they constantly tell us how great we're doing, and the CEO (we're a privatly held company btw) just got a new jet.

No clue where I was going with that.

"Enjoy your 3 buck bread and 6 buck milk and 5 buck gas. Hope your wages keep up"

Mine sure haven't.

Making roughly the same amount I did at the end of the .com craze. Meaniwhile gas, food, automobiles, dwellings ... (I could go on forever have increased quite substantially.

I know I'm not the only one.


You are playing a pathetic game of semantics so that you can claim 'victory' on a weblog, numbnuts.


Posted by JeffJ


This coming from a guy who 'said' this:


BBob,


Jesus fucking Christ.


How long are you going to belabour such a stupid point?


I used the word 'several' intentionally because it's vague. I am not the Drudge archivist. I don't have each and every post ever written on this blog at my fingertips. I Do know that I've comments of that nature come from "several" (more than 1) posters over the last 3 years or so.


This is not 'talking out of my ass'. I am making a statement based on my recollections; a statement that, quite frankly, I didn't think would be challenged for accuracy by ANYONE.



Seriously, your point is banal. You'd be better off claiming that Bush personally mined the WTC.

Posted by JeffJ at 2007-07-16 04:04 PM | Reply


I think you should walk away now before this gets messy.

I know I'm not the only one.

Posted by GIMPSTER

"All I wanna do is have some fun
I got a feeling Im not the only one
All I wanna do is have some fun
I got a feeling Im not the only one
All I wanna do is have some fun
Until the sun comes up over santa monica boulevard

I like a good beer buzz early in the morning
And billy likes to peel the labels
From his bottles of bud
He shreds them on the bar
Then he lights every match in an oversized pack
Letting each one burn down to his thick fingers
Before blowing and cursing them out
And hes watching the bottles of bud as they spin on
The floor

And a happy couple enters the bar
Dangerously close to one another
The bartender looks up from his want ads"

-Sheryl Crow

That's kind of like "we lose money on each car, but we'll make up for it on volume." If I loan money at 6% for a 30 year mortgage, and inflation jumps up to 5, I'm losing money on every single loan: I'm paying taxes on the interest income, but the income isn't sufficient to make up for the rising inflation rates. Then if you multiply that by 10, you've compounded your problem, not mitigated it.


A real manufacturing/production guru here, knows exactly how production works.

I can now see why all our manufacturing/production is moving overseas, they listen to the likes of you.l

Its great news for the investment class which has profited handsomely from this administration's policies. It means very little to everyone else, who will not reap the benefits of a record breaking (and now Rupert Murdoch controlled) DOW. The assertion that the economy is doing well for Americans (as in the majority of) because the DOW is doing well is asinine.

Posted by DARTHCHENEY

* * * *

That's what YOU said, genius. The Dow is an index published in the newspaper that Murdoch is trying to buy--but hasn't yet.

It's like if someone were to buy out Standard & Poors (the rating service) and being concerned that such a person now controls the companies in the S&P 500--the index that S&P puts together.

A little bit of hysteria, mixed with just enough ignorance--and you've got the libs on the DR.

I can now see why all our manufacturing/production is moving overseas, they listen to the likes of you.l


Posted by moneywar
* * * *

You're right about that actually.

What he can't wrap his skinny arms around is the fact that his beef has nothing to do with the performance of the DOW.

Another economic guru with profound statements of "FACTS."

Begrudging Boyd while dismissing the idea of the content, a real winner.

I hope the "dow" continues its up trend, but pity those who are gaining the success of that trend if we keep moving in the economic class separation. Those who are gaining so much will either have to leave the country or suffer a mob rule fate.

I think you should walk away now before this gets messy.

Posted by DARTHCHENEY



Walk away from YOU?

Hardly.


You pull some completely unrelated quote as if it's some sort of 'gotcha' and are then claiming it as some sort of lame 'victory' (again) and you think I should cower in fear?


My 6-year old son debates better than you are right now.

Those who are gaining so much will either have to leave the country or suffer a mob rule fate.

Posted by moneywar



If you haven't done so already, you should consider augmenting your leftist readings. You might start with reading some Milton Friedman (if you haven't already).

You're right about that actually.

I know I am, you just don't understand the under current value of the post. To much beyond the world of money for you to grasp.

You will understand in a few years though, and when the light goes off, you will remember me.

If you haven't done so already, you should consider augmenting your leftist readings. You might start with reading some Milton Friedman (if you haven't already).

Thanks Jeff, but no thanks.

I am very familiar with the rightist readings, was one for years.

My kids are grown, last one leaves for the university in the fall. Yours........well hope you are a blue blood rich giving parent because if you are not.......walmart is the life for your kid.

$War,


I am very familiar with the rightist readings, was one for years.


Cool. I just didn't want you to fall into the trap of ONLY reading one side. Apparently, you've read both, which is good.


well hope you are a blue blood rich giving parent because if you are not.......walmart is the life for your kid.


Fortunately, my oldest possesses 'ahead-of-the-curve' intellect (let's hope his mental development stays ahead of the curve). As parents, my wife and I focus on teaching him personal responsibility, rewards resulting from hard work, etc. I know it's a long way off, but I am confident that he'll rise well above the level of an entry-level Walmart employee.


My 6-year old son debates better than you are right now.

Posted by JeffJ


All that means to me is that you can't even win a debate with your 6 year old son.
I taught a my dog a while back to stop crapping indoors by shoving his nose up to his shit. I guess my old dog is smarter than you are. Maybe he could debate your son sometime...

All that means to me is that you can't even win a debate with your 6 year old son.
I taught a my dog a while back to stop crapping indoors by shoving his nose up to his shit. I guess my old dog is smarter than you are. Maybe he could debate your son sometime...

Posted by DARTHCHENEY



Um, er, uh....

Damn!


Credit is where credit is due: That was a pretty strong response, Darth.


I won't go so far as to say, 'Game, set, match.' However, you definitely won the last round.


'til next time......

Those who are gaining so much will either have to leave the country or suffer a mob rule fate.

Posted by moneywar


* * * *

Hmmm. Well, if those are my only two choices, I guess I'll take door #1.

Did you teach a your dog to talk? Or did you teach a him to type? And does he a speak a the Italian?

Stock Market?

Nahhh....Real Estate, that's the way to go. Talk about something becoming more and more scarce.....They just don't make it any more.

They just don't make it any more.

Posted by COMMONSENSE


Well, there's Hawai'i.
www.soest.hawaii.edu

Begrudging Boyd while dismissing the idea of the content, a real winner.

Bullshit jerkoff. Boyd is just pissed becuase the market goes up and he isn't in on it. All he has is envy for others. I have never made the argument that everybody wins all the time. I fully understand that many do not benefit when stocks go up. When has that ever been different???? What is so special about today? I know your argument Money. I don't disagree with it but I simply baited Boyd by saying someone would piss and moan about this.......which he did.

been there done that zat

not quite enough new real estate for all the new peoples.

www.earth-policy.org

I'm happy as many of us in in the middle class have IRAs.401ks and mutual funds, etc. Guess not only the rich gain with the rise in the market.

Probably going to be another nice up day today.

then somebody must be getting fucked.....

the economy has be on the rise for the most of this admin----this has not been much help for their image----this jus proves that a risin economy does not raise all boats
jasman

the economy has be on the rise for the most of this admin----this has not been much help for their image----this jus proves that a risin economy does not raise all boats
jasman

Anyone with a 401k should be happy, anyone with any mutual funds should be happy, anyone with any index funds should be happy, any one with an IRA should be happy. If you dont have any of these your nieve and most likely stupid.

"Just six months after the Democrats gain control of Congress, the Dow Jones reaches new highs.

(Not that there is any connection. But that is the kind of logic Republicans use when looking to credit GWB for any positive development that happens to occur on his watch.)"
--MODER8


And the very same logic used to blame him for "recessions."

"Tell you what, dude, you convince everyone that high corporate profits are helping the middle class, and I'll try to sell them pills that make their dicks bigger."
--BOYD


I guess if your retirement plan involves burying your money in your back yard, it doesn't help you much.

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